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Consideration for Issuance of Stock, Bond or Debentures - Mich. Comp. Laws Section 125.909

Legal Research Home > Michigan Laws > Planning, Housing, And Zoning > Consideration for Issuance of Stock, Bond or Debentures - Mich. Comp. Laws Section 125.909

125.909 Consideration for issuance of stock, bond or debentures.

Sec. 9.

Consideration for issuance of stock, bonds, or income debentures. No redevelopment corporation shall issue stock, bonds or income debentures, except for money or property actually received for the use and lawful purposes of the corporation or services actually performed for the corporation.

History: 1941, Act 250, Imd. Eff. June 16, 1941 ;-- CL 1948, 125.909

Section: Previous 125.902 125.903 125.904 125.905 125.906 125.907 125.908 125.909 125.910 125.911 125.912 125.912a 125.912b 125.913 125.914 Next

Last modified: March 17, 2013